Kount Blog | mobile payments
Blog Against Fraud

Webinar Recap: The State of Mobile Payments and Fraud

Posted on Thursday, June 15, 2017

If you missed our webinar on June 8th, “The State of Mobile Payments and Fraud,” this blog post provides a convenient summary recap.

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Topics: payments, mobile payments, mobile payments and fraud report

Mobile: The Root of All Evil or Source of All Goodness?

Posted on Thursday, May 26, 2016

Reading the headlines today, you could get whiplash from the contrasting way in which the mobile revolution is being portrayed. For the "Root of All Evil" angle, consider these stories:

  • A woman used her debit card to pay for a slot machine game app on her mobile phone and hours later discovered hundreds of illegitimate purchases totaling more than $5,000
  • T-Mobile’s CEO revealed a breach affecting 15 million mobile users: "Records include information such as name, address and birthdate as well as encrypted fields with Social Security number and ID number (such as driver’s license or passport number) and […] this encryption may have been compromised."
  • CBS News reported that a little-known global network called Signaling System Seven (SS7) is used by every mobile phone and has a security flaw that is an open secret among the world's intelligence agencies...and hackers. This security flaw can be used to intercept and record anyone’s calls, texts, or movements.
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Topics: mobile fraud, mobile payments, mobile

Do More Mobile Orders Necessarily Mean More Fraud?

Posted on Tuesday, April 26, 2016

Today, less than 1 in 10 merchants get more than half of their revenue from the mobile channel. But that number is projected to triple to nearly 1 in 3 merchants in just two years. Those compelling numbers come from the recently published Mobile Payments and Fraud: 2016 Report.

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Topics: mobile fraud, mobile order, mobile payments, mobile channel

A Pair of Paradoxes In Mobile Fraud Prevention

Posted on Thursday, April 21, 2016

When it comes to fighting fraud, 8 of 10 organizations – merchants, acquirers, card associations, card issuers, and service providers – say it’s important to be able to detect if a mobile device is being used in an eCommerce transaction. Here’s the breakdown from the recently published Mobile Payments and Fraud: 2016 Report:

  • 43% = Very Important
  • 17% = Important
  • 22% = Somewhat Important

    82% says it’s important
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Topics: mobile fraud, mobile device, mobile payments

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